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shusha [124]
3 years ago
10

Bailey, a single taxpayer, obtains permission to change from a calendar year to a fiscal year ending June 30, 2019. During the s

ix months ending June 30, 2019, she earns $40,000 and has $8,000 of itemized deductions. What is the amount of her annualized income?
a.$32,000

b.$28,000

c.$64,000

d.$56,000
Business
1 answer:
lisabon 2012 [21]3 years ago
8 0

Answer:

Correct option is c.$64,000

Explanation:

given data

earn  = $40,000

deductions = $8,000

time = 6 month

solution

we get here amount of her annualized income that is express as

amount of her annualized income = ( earn - deduction ) × time duration

amount of her annualized income =  ( $40,000 - $8,000 ) × \frac{6}{12}  

amount of her annualized income = $64,000

so correct option is c.$64,000

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This is done in order to ensure that employees are protected from future inevitable inflation that may come unexpectedly as it usually does.

3 0
3 years ago
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Da
anzhelika [568]

Answer:

$940 Favorable

Explanation:

Fixed manufacturing overhead budget Variance = Budgeted fixed overhead cost - Actual total fixed manufacturing overhead cost

Fixed manufacturing overhead budget Variance = $71,500 - $70,560

Fixed manufacturing overhead budget Variance = $940 F

So, the fixed manufacturing overhead budget variance for the period is closest to $940 F

4 0
3 years ago
.According to supply-side fiscal policy, reducing tax rates on wages and profits will:
sergejj [24]

Answer:

The answer is C.

Explanation:

Reducing tax rate according to supply - side policy creates demand pull inflation.

Demand pull inflation is a situation whereby people have more buying power due to the availability of cash thereby leading to high demand and consequentially leading to an increase in the price of goods and services by suppliers.

That is the process where demand outplays supply due  to the high purchasing power thereby causing price to increase which is the demand pull inflation effect.

6 0
3 years ago
Synovec Corporation is expected to pay the following dividends over the next four years: $6.60, $17.60, $22.60, and $4.40. After
Alexandra [31]

Answer: $245

Explanation:

If the required return on the stock is 7 percent, the current share price would be calculated as:

= 6.60/1.07 + 17.60/1.07^2 + 22.60/1.07^3 + 4.40/1.07^4 + [(4.4 × 1.0525) / (7%-5.25%)] / 1.07^4

= $245.23

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Therefore, the current share price will be $245

3 0
3 years ago
If a store sells a good at the market price, even though the government authorities have set the minimum price that can be charg
Alexandra [31]

Answer:

The correct answer would be option D, Legal Market for a market price that is lower.

Explanation:

If there is a store which sells the goods at the market price even though the government authorities have set the minimum price that can be charged, it means store is selling the product at a price which is higher than the minimum price set by the government, but it doesn't mean that the store owner is doing any illegal trading. This is because the government has set the lower price limit but that ceiling price is non binding. It is not necessary for the market sellers to sell at the price given by government. So they are operating in a legal market for a market price that is lower.

4 0
3 years ago
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